Banco Santander-Chile (BSAC) to publish its results on Friday

Banco Santander-Chile (NYSE: BSAC) is expected to report its results before the market opens on Friday, October 29. Analysts expect the company to report earnings of $ 0.50 per share for the quarter. Those interested in registering for the business results conference call can do so by using this link.

Banco Santander-Chile (NYSE: BSAC) last reported its quarterly results on Thursday, July 29. The bank reported earnings per share of $ 0.54 for the quarter, beating the consensus estimate of $ 0.52 by $ 0.02. Banco Santander-Chile recorded a return on equity of 18.35% and a net margin of 24.24%. The company posted revenue of $ 709.58 million for the quarter, compared to a consensus estimate of $ 714.79 million. On average, analysts expect Banco Santander-Chili to post EPS of $ 2 for the current fiscal year and EPS of $ 2 for the next fiscal year.

NYSE: BSAC opened at $ 18.23 on Friday. Banco Santander-Chile has a 52-week minimum of $ 13.86 and a 52-week maximum of $ 26.15. The company has a quick ratio of 1.96, a current ratio of 1.89, and a debt ratio of 4.69. The stock has a market cap of $ 8.59 billion, a PE ratio of 9.54, a price / earnings-growth ratio of 0.62, and a beta of 0.82. The stock’s 50-day moving average price is $ 19.92 and its 200-day moving average price is $ 20.80.

A hedge fund recently increased its stake in Banco Santander-Chile shares. Morgan Stanley lifted its position in Banco Santander-Chile (NYSE: BSAC) by 77.5% in the second quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The fund held 1,063,721 shares of the bank after purchasing an additional 464,424 shares during the quarter. Morgan Stanley owned approximately 0.23% of Banco Santander-Chile for a value of $ 21,137,000 when it was last filed with the Securities and Exchange Commission. Institutional investors hold 8.51% of the company’s shares.

(A d)

This company closes the loop between influencer and distribution

The BSAC has been the subject of several research reports. Zacks investment research downgraded Banco Santander-Chile shares from a “hold” rating to a “strong sell” rating in a report released Thursday. Scotiabank downgraded Banco Santander-Chile shares from an “outperformance” rating to a “sector performance” rating in a research report published on Wednesday, July 7. One analyst assigned a sell rating to the stock, two assigned a conservation rating, and another assigned a buy rating to the stock. According to data from MarketBeat.com, Banco Santander-Chile currently has an average rating of “Hold” and an average target price of $ 28.00.

Banco Santander-Chile Company Profile

Banco Santander Chile SA provides commercial and retail banking services. It operates through the following segments: retail banking, mid-market, global corporate banking and others. Retail Banking segment offers consumer loans, credit cards, auto loans, business loans, currency, mortgages, debit cards, checking accounts, savings products, mutual funds investment, securities brokerage and insurance brokerage.

Read more: Basic economics

Banco Santander-Chile earnings history (NYSE: BSAC)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Banco Santander-Chili now?

Before you consider Banco Santander-Chile, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of… and Banco Santander-Chili was not on the list.

While Banco Santander-Chile currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Rosalie M. Dehner